Daily Debrief: What Happened Today (Dec 21)

Stories you might have missed

Singapore government bonds to retain some popularity despite falling yields

SINGAPORE government bonds will likely retain some of their popularity in 2024, even as their yields fall to account for changing interest-rate expectations.

Indonesia central bank extends interest rate pause, sees possible easing in H2 2024

INDONESIA’S central bank kept its interest rates on hold, as widely expected, at the end of its final meeting for 2023 on Thursday (Dec 21), while also signalling that there could be some leeway for monetary easing in the second half of next year.

Three Arrows founders’ global assets worth US$1.1 billion frozen

SOME US$1.1 billion worth of assets of Three Arrows Capital’s founders, Su Zhu and Kyle Davies, as well as Davies’ wife Kelly Chen, have been issued a worldwide freezing order by a court in the British Virgin Islands on Monday (Dec 18).

Singapore, Malaysia ports could come under ‘massive pressures’ from Red Sea diversions

A VETERAN shipping analyst has warned that ports in Singapore and Malaysia could come under “massive pressures” amid diversions of shipping routes from the Red Sea. Companies hoping to ship goods from Asia to Europe in 2024 could also face a shortage of vessels.

Trans-cab, Prime Taxi to raise fares

TWO taxi operators are raising their flag-down fares by S$0.50, as well as distance and time-based charges by S$0.01 from Dec 28, a fortnight after leader ComfortDelGro made the first move to do so.

Singapore stocks climb amid mixed regional trading; STI up 0.1%

SINGAPORE stocks rose amid a mixed regional showing as investors appeared to take profit after two weeks of strong gains.